Bitcoin surge to $120K could happen if the Fed reduces rates because of the effects of tariffs and war.
Key Points The Federal Reserve might reduce rates sooner if there are significant issues with global trade, energy supplies, or U.S. relationships in the Middle East. If Bitcoin’s value keeps rising, it could further weaken the dollar. On Wednesday, the U.S. Federal Reserve decided to keep interest rates steady at 4.25%, a choice many investors […]
Supreme Court will not determine if it will address Trump’s tariffs before the summer break
Supreme Court Declines to Address Tariff Challenge Before Summer Recess On Friday, the Supreme Court turned down requests from two small businesses to determine whether to address President Trump’s emergency tariffs prior to the upcoming summer break. The businesses argue that the significant effects of these tariffs on the economy warrant immediate judicial consideration, rather […]
The Authority of Tariffs in the U.S. Government System
How American Presidents Acquired Tariff Authority For years, critics have highlighted that the use of customs authorities can undermine the separation of powers. We heard those concerns when Trump imposed tariffs on steel and aluminum, as well as certain Chinese imports. Now, he applies various tariff rates worldwide, prompting the criticisms to resurface. The arguments […]
The Fed Takes Action Against Tariffs
The Fed Raises Inflation Concerns Amidst Tariff Factors The Federal Reserve made a significant announcement on Wednesday, highlighting President Trump’s tariff policy as a major player in shaping its inflation outlook. Although there have been signs of decreasing inflation, the central bank decided not to adjust interest rates, instead indicating a more pessimistic inflation forecast. […]
Aluminum Market Responds to Price Increases from Tariffs – Current Crude Oil Prices
Rising global aluminum prices have kept the Aluminum Monthly Metal Index (MMI) fairly stable, showing a slight increase of 0.73% from May to June. If you’re curious about the trends in the industrial metals market, you can track other indexes for comparison. Aluminum Midwest Premium Reaches New Heights The Midwest Premium hit a peak in […]
Import Prices Indicate Low Inflation, China Lowering Prices to Counteract Tariffs
US Import Prices Unchanged in May The Labor Bureau reported on Tuesday that US import prices remained stable in May, indicating that inflationary pressures from global supply chains are manageable, despite ongoing trade tensions and rising tariffs. The import price index, which tracks prices at borders prior to the imposition of duties, showed no change […]
Businesses Take Their Initial Challenge Against Trump Tariffs to the Supreme Court
Supreme Court Considers Trump’s Tariffs On Tuesday, the Supreme Court received its first request to evaluate the constitutionality of President Donald Trump’s tariffs. Educational toy companies Learning Resources and hand2mind submitted a request, opting to go directly to the Supreme Court rather than lower courts. Their application highlights the considerable effects of tariffs on nearly […]
Supreme Court urged to consider the legality of Trump’s tariffs
A group of plaintiffs is suing President Trump over his tariffs introduced on what he termed “liberation day.” They’ve asked the Supreme Court to bypass lower courts and quickly address the legality of these taxes. Two federal courts have already ruled that Trump improperly invoked the International Emergency Economic Powers Act (IEEPA) to impose these […]
Well-known home goods retailer At Home declares bankruptcy, blaming Trump’s tariffs.
A well-known home goods retailer has filed for bankruptcy, with its CEO pointing to “an evolving trade environment” influenced by President Trump’s tariffs affecting the retail sector. This Dallas-based company operates 260 stores across 40 states but has indicated that it will continue regular operations throughout the Chapter 11 bankruptcy proceedings. Backed by the private […]
Tariffs Aren’t Increasing Prices; They’re Hurting Foreign Suppliers
Tariffs do not burden American consumers and businesses. If tariffs cause inflation then the economic data from this week would reflect that. But instead, it shows resilience and negotiation strength, almost like a surprising twist. The Consumer Price Index (CPI) stayed relatively stable in May. The headline CPI increased by just 0.1%, while core inflation—excluding […]